Hindustan Zinc said its total revenue from operations for the June quarter of FY26 stood at Rs 7,771 crore, representing a year-on-year fall of 4.4%, compared to revenue of Rs 8,130 crore reported in the June quarter of FY25. Sequentially, the company saw a sharper 14.5% revenue decline from the March 2025 quarter, when it had posted its best-ever quarterly revenue of Rs 9,087 crore.
The company said the revenue in the first quarter of FY26 saw a decline on account of “lower volumes and lower zinc and lead commodity prices partly offset by higher silver prices, stronger dollar, and higher by-product realisations.”
“Despite commodity headwinds and a weaker dollar, our focus on sustainable and efficient production enabled us to deliver a consistent EBITDA margin of 50%,” said Sandeep Modi, Chief Financial Officer.
For the June quarter, the consolidated total expenses came in at Rs 5,065 crore, down 4% from the Rs 5,284 expenses reported in the June 2024 quarter.
Shares of Hindustan Zinc were down 0.9% on Friday at Rs 433 after the earnings announcement.The stock has gained around 4% year-to-date and 7% over the past six months, but has shed 2% in the last two weeks.Technical indicators point to persistent weakness. The stock is currently trading below all major simple moving averages, from the 5-day to the 200-day, indicating sustained bearish momentum. The Relative Strength Index (RSI) is at 43.5, placing it in neutral territory, while the MACD remains in negative territory at -8, reinforcing the downtrend.
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The subdued Q1 performance follows a strong showing in the March 2025 quarter, where the company posted a 47% year-on-year surge in net profit to Rs 3,003 crore, boosted by higher metal prices, strong volumes, and lower production costs. Revenue in Q4 FY25 had jumped 20% year-on-year to Rs 9,087 crore, while EBITDA rose 32% to Rs 4,816 crore, with margins expanding by 500 basis points to 53%.
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